Funding you earn now, next payment 09:00 UTC−0.0375%/8h= −41.1% APRpaid last 24h −0.016%
Price spread now: Lighter against GRVT+0.314%108s7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.314%, 7d avg +0.061%
=Together, before fees−0.016%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.253% dearer against GRVT than usual: you sell high and buy low (spread +0.314% now, against its 7-day average of +0.061%): +$25 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BABA_USDT_Perp | 117.87 | 0.0407 | pay 0.0407% / 8h | 7h 03m | $3K | $180K | 10x |
| Short | Lighter BABA | 118.24 | 0.0032 | get 0.0004% / 1h | 3m 36s | $376K | $72K | 10x |
GRVT BABA_USDT_Perp
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$78.75
- Price spread: +0.314% → +0.061%
- $25.35
- Slippage, 4 orders
- −$67.18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$129.59
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 29 min ago; Lighter: live order book, 21 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 29 min ago | 2.56 bp | 20.3 bp −$20 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 21 min ago | 9.80 bp | 31.0 bp −$31 | 34.5 bp −$345 | 79.7 bp −$7,975 | doesn't fit |
BABA on 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 117.98 | +0.095% | $69K | $39K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.15 | +0.238% | $2.1M | $707K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.18 | +0.264% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 118.09 | +0.187% | $2.4M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.25 | +0.323% | $823 | $2.6M | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.24 | +0.314% | $376K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.16 | +0.247% | $440K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.722% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.05 | +0.153% | $71K | $136K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.24 | +0.314% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.22 | +0.297% | $8K | $280K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.72 | −0.127% | $232K | $400K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 118.12 | +0.213% | $1.2M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0092% | 1h | 118.15 | +0.238% | $12.1M | $4.6M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.05 | +0.153% | $617K | $443K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.24 | +0.314% | $2K | $798 | 10x | as long as short |
| HTX BABA-USDT | +0.0120% | 8h | 117.93 | +0.051% | $30K | $19K | 20x | as long as short |
| Variational Omni BABA | +0.0179% | 8h | 117.93 | +0.048% | $339K | $664K | — | as long as short |
| Extended BABA_24_5-USD | +0.0232% | 1h | 118.08 | +0.180% | $45K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0241% | 8h | 118.11 | +0.207% | $15.5M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.75 | −0.101% | $66K | $89K | 10x | as long as short |
| GRVT BABA_USDT_Perplong | +0.0407% | 8h | 117.87 | long leg | $3K | $180K | 10x |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
HTX BABA-USDT
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA